Healthcare Data Set to be Revolutionized by Blockchain

Blockchain Provides Huge Strides in Healthcare Data

When it comes to healthcare reform, only one thing is certain: it’s going to be a tall task to complete. The recent change in administration has led to examination of current insurance healthcare data systems. Healthcare is poised to change, thanks to both the White House and Congress. This leaves the industry left with the question of how it is going to adapt to the rapidly changing healthcare environment.

Even today, many offices still use a regular pen and paper, with physically handwritten notes about each patient. While practices exist that use technology, healthcare data and records truly live in the dark ages. Time is a necessity of this technology. A large undertaking deployed massive efforts to digitize records. Federal law has made strides in making this healthcare data available to patients. But, it has yet to address how hospitals and patients can efficiently share this information.

Data Security, Thanks to Blockchain

Blockchain technology has facilitated this information management process. Blockchain, of course, offers promising advances in how this information is managed. The main goal by implementing this technology in the medical field is to keep secure data in a distributed, encrypted ledger, all while allowing access to those who should be able to view this private information. (For more detailed information about blockchain technology, check out What the FAQ?)

An attractive selling point for the industry surrounds the advancement of blockchain technology. Currently, centralized health systems have shown to be hackable. This weakness ultimately compromises patient privacy and confidence in the healthcare data system, as a whole. By implementing the security protocols involved within the blockchain, patients can rest assured that their private medical records will not be compromised.